A pub group based by the ex-boss of Greene King is in superior talks to purchase a swathe of websites from his former employer in a £90m deal.
Sky Information has learnt that RedCat Pub Group, which was established by Rooney Anand in the course of the Covid pandemic, is near finalising the acquisition of 39 pub-hotels from Greene King.
Sources stated a deal may very well be struck inside days.
RedCat, which is backed by the US investor Oaktree Capital Administration, has had a blended observe file because it was based in 2021.
The unit has about 1,400 bedrooms, making it the fourth-largest pubs-with-rooms operator within the UK.
One supply stated the cope with Greene King would double the scale of that division by variety of websites.
A small a part of RedCat’s operations fell into administration final 12 months, since when a refinancing backed by Barclays has given the corporate vital monetary respiration area.
Mr Anand stepped down as Greene King’s chief government in 2019.
His newest deal comes amid dire warnings from hospitality chiefs concerning the prospects for the sector, amid swingeing tax hikes and jittery client confidence.
Greene King declined to remark, whereas RedCat has been contacted for remark.
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